The Floki Inu Memecoin is currently one of the most trending memecoins in the crypto market, with massive price increases. However, not everything is going well, as a large number of investors are still in losses. Only a few of them are actually making a profit from the token.
Floki Inu Memecoin Holders are Recording Massive Losses
- According to new data, Floki is having a massive decrease in the number of people profiting from the token. So, with the recent rise of this memecoin, many traders are liable to think it is profitable. However, everything doesn’t look good on an eye test alone. There needs to be an in-depth analysis to determine. So, according to new data from IntoTheBlock, things are looking good. Although, it is quite important to point out that this is majorly the fault of the crypto bear market of the past.
- One of the biggest things happening within the Floki Inu Memecoin ecosystem is the launch of TokenFi. So, TokenFi is a crypto and asset tokenization platform that aims to simplify the process of tokenizing assets. The major aim of this project is to become number one in their niche in the world. So, this is one of the things that made the price of Floki Inu Memecoin increase to new levels. It was even among the top weekly gainers, with over a 60% increase in the past week. Still, a lot of traders are losing money to this crypto project. So, let’s dive deeper.
Over 67% of Floki Inu Memecoin Holders Losing Money
- According to data from IntotheBlock, a lot of those holding the Floki Inu Memecoin are making a lot of losses. In other words, they are not yet in profit despite the massive rise in price from the memecoin. So, data from this platform shows approximately 67% of Floki Inu Holders are still in losses. Already, one should know that the number of those in profit is low. So, only around 24% of those holding this token are in profit. On the other hand, around 9% of those holding this token are in the middle. In other words, there is neither profit nor loss, just in the middle.
- Looking at other metrics of this memecoin, the percentage of large holders of this token is quite huge. So, whales hold Floki in larger numbers than shrimp. A whopping 79% of the Floki Inu Memecoin Holders are whales. So, another aspect to look at is the time frame of those holding this token. Around 70% of those holding these tokens are now more than one year old with it in their possession. Only around 27% are holding between 1 to 12 months. So, around 3% started holding in less than a month ago.
Conclusion
Things might be going well for the Floki Inu Memecoin currently, but not for those holding for a long time. So, a large number of them are not in profit despite the recent massive increases. According to data from IntotheBlock, as many as 67% of the holders are still in losses.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
